Tech Layoffs Surge to 300,000

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Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to our Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and four months for layoffs to hit 100,000 last December. The total number of layoffs since we began tracking since the financial crisis began in late August is 300,093.

The past few weeks have particularly brutal for the technology space, with substantial layoffs announced by Pioneer (10,000), Cisco (3,000), Panasonic (15,000), NEC (20,000), Electronic Arts (1100) and AOL (700). Even Bloomberg and The Wall Street Journal, who both managed to avoid layoffs in the past few months, were forced to make cuts to their workforces. And Google, who was immune to layoffs until late January, continued giving pink-slips in the past three weeks with the company’s exit from radio. Sadly, a few start-ups weren’t able to weather the storm, with eBaum’s World cutting all of its workforce.

Obviously the tech industry is not immune to the current economic climate, and if the past three weeks are any indication, things could still get worse for the tech space before they get better. Maybe that economic stimulus plan will help turn the tide.

If you know of any layoffs at a tech company, please submit a tip with the name of the company and number of layoffs. If it’s been covered, also send a link to the blog post or news article. (For who is hiring, check out our job board).

Below is a list of late January and February layoffs from our tracker:

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Crunchbase

OverviewCisco enables people to make powerful connections whether in business, education, philanthropy, or creativity. Cisco hardware, software, and service offerings are used to create the Internet solutions that make networks possible, providing easy access to information anywhere, at any time.
The company offers switching products, including fixed-configuration and modular switches, and storage products …

OverviewPioneer is a distributor of hardscaping materials offering a range of products, including decorative stone, sand, gravel, mulch, pavers, retaining walls, and other “non-green” landscaping materials, to landscape contractors, commercial accounts and homeowners. Pioneer has 30 retail locations in Colorado and Arizona and sources products from a variety of suppliers, including 12 internally operated …

OverviewNEC's brand statement, "Empowered by Innovation," expresses their commitment to empowering people and society through continuous innovation in every area of their businesses, fueled by their infinite passion for innovation and their customer-focused spirit of collaboration.